Zacks Research Forecasts Ciena's Q1 Earnings (NYSE:CIEN)

Ciena Corporation (NYSE:CIEN - Free Report) - Stock analysts at Zacks Research dropped their Q1 2026 EPS estimates for shares of Ciena in a note issued to investors on Thursday, June 26th. Zacks Research analyst R. Department now anticipates that the communications equipment provider will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.33. The consensus estimate for Ciena's current full-year earnings is $1.60 per share.

Ciena (NYSE:CIEN - Get Free Report) last announced its earnings results on Thursday, June 5th. The communications equipment provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.08). Ciena had a return on equity of 5.08% and a net margin of 2.46%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business earned $0.27 EPS. The business's revenue was up 23.6% compared to the same quarter last year.

CIEN has been the subject of a number of other reports. Northland Securities set a $85.00 target price on shares of Ciena in a research note on Friday, June 6th. Evercore ISI reaffirmed a "mixed" rating on shares of Ciena in a research note on Friday, June 6th. B. Riley reiterated a "buy" rating and issued a $90.00 price target (up previously from $89.00) on shares of Ciena in a report on Friday, June 6th. JPMorgan Chase & Co. upped their price target on shares of Ciena from $76.00 to $86.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Finally, Citigroup reduced their target price on shares of Ciena from $98.00 to $75.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ciena has a consensus rating of "Moderate Buy" and an average target price of $83.15.

Ciena Price Performance

Shares of Ciena stock opened at $82.30 on Monday. The firm has a market cap of $11.63 billion, a P/E ratio of 114.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. Ciena has a twelve month low of $44.89 and a twelve month high of $101.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.57 and a current ratio of 3.40. The firm's 50-day simple moving average is $75.17 and its 200-day simple moving average is $76.32.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Ciena by 195.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,626,153 shares of the communications equipment provider's stock valued at $392,345,000 after purchasing an additional 3,062,883 shares in the last quarter. Nuveen LLC purchased a new position in Ciena during the 1st quarter worth $70,065,000. Polar Capital Holdings Plc boosted its holdings in Ciena by 113.7% during the 4th quarter. Polar Capital Holdings Plc now owns 2,169,406 shares of the communications equipment provider's stock worth $183,987,000 after acquiring an additional 1,154,260 shares during the last quarter. Marshall Wace LLP boosted its holdings in Ciena by 4,215.9% during the 4th quarter. Marshall Wace LLP now owns 899,828 shares of the communications equipment provider's stock worth $76,314,000 after acquiring an additional 878,979 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in shares of Ciena in the 1st quarter worth about $49,221,000. Institutional investors own 91.99% of the company's stock.

Insiders Place Their Bets

In other news, SVP Brodie Gage sold 350 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $78.67, for a total value of $27,534.50. Following the sale, the senior vice president now directly owns 46,233 shares in the company, valued at approximately $3,637,150.11. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gary B. Smith sold 6,800 shares of Ciena stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $74.19, for a total transaction of $504,492.00. Following the sale, the chief executive officer now owns 348,480 shares in the company, valued at approximately $25,853,731.20. This represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,638 shares of company stock worth $3,345,797 over the last ninety days. Corporate insiders own 0.93% of the company's stock.

About Ciena

Ciena Corporation provides hardware and software services for delivery of video, data, and voice traffic metro, aggregation, and access communications network worldwide. The company's Networking Platforms segment offers convergence of coherent optical transport, open optical networking, optical transport network switching, IP routing, and switching services.

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